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Tag Archives: Potash

Why Potash Corp should take a run at Intrepid Potash…in a year

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Potash Corp. of Saskatchewan Inc. should consider a takeover of Intrepid Potash Inc. even though the analyst recommending such a deal doesn’t think it will happen for a year. Ben Isaacson at Scotiabank noted that Potash Corp.’s failed acquisition of Germany-based K+S AG was about both consolidation and accretion. However, …

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Potash Corp of Saskatchewan to shutter New Brunswick mine at cost of 430 jobs

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Potash Corp. of Saskatchewan Inc.’s decision to shut its New Brunswick operations reflects the fact that potash demand hasn’t met the fertilizer industry’s hopes for the better part of a decade. The move effectively nullifies a $2 billion investment that was first approved in 2007, and will result in up …

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Potash Corp. sues over alleged flaws in construction of $2.2-billion New Brunswick mine

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Potash Corp. of Saskatchewan Inc. is suing the engineering company that built part of its $2.2 billion Picadilly mine in New Brunswick, alleging that construction flaws have resulted in the “complete failure” of a mine shaft. The Saskatoon-based miner seeks unspecified damages from Cementation Canada Inc., which was hired in …

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Potash Corp. of Saskatchewan Inc slashes dividend for first time since IPO in 1989 as lower fertilizer prices halve earnings

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Potash Corp. of Saskatchewan Inc. is finally taking the extreme measures needed to adapt its business to a very weak potash market. During 2015, the company cut its earnings guidance for three straight quarters as market conditions continued to deteriorate. But it still maintained an upbeat outlook and made no …

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